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Tag: Incheon Airport

Retail Asia21/01/2019
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General

Korea Grand Sale gears up for kick off

3min0
Korean tourism authorities were set on January 14 for the official opening of the Korea Grand Sale, an annual event for foreign shoppers with events, promotions and sales across the country. This year’s event, jointly hosted by the Ministry of Culture, Sports and Tourism and the Visit Korea Committee, will be held from January 17 […]
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Retail Asia17/01/2019
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Living

Incheon Airport breaks record with 2018 sales

5min0
Incheon International Airport announced record annual sales of US$2.4 billion for 2018, beating the previous record set in 2017. The performance ranks Incheon as the world’s number one airport for duty free sales in 2018, ahead of Dubai International. The latter’s anchor retailer, Dubai Duty Free, posted 2018 sales of US$2.015 billion. Sales rose 14.8% […]
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Retail Asia01/10/2018
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Fashion

Duty-free on arrival set for Incheon next year

5min0
The country’s first duty-free store available to returning travelers will open at Incheon International Airport as early as next May, the Finance Ministry announced. Currently, duty-free purchases are allowed only for passengers departing Korea, either at an international airport or in advance at city locations with the goods available for pick-up at the departure terminal. […]
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Retail Asia03/08/2018
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General

Lotte Duty Free exits Incheon Airport Terminal 1 contracts, sets its sights on Vietnam

3min0
Lotte Duty Free exits its contentious Incheon International Airport Terminal 1 cosmetics, fashion and leathergoods contracts, to be replaced by Shinsegae Duty Free. As reported, South Korea’s duty free giant served notice on 13 February of its intention to quit three contracts – DF1 (P&C), DF5 (leathergoods & fashion) and DF8 (miscellaneous categories). The company […]
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Retail Asia13/07/2018
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Living

When robots strolling around at Incheon Airport

3min0
Incheon International Airport will deploy robot guides that can escort travelers to immigration and baggage claim areas from 21 July, in time for the summer peak season. The airport said it is first in the world to put robots into service, as opposed to testing them. The second-generation robot, dubbed Airstar, is an upgraded version […]
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Retail Asia26/06/2018
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Fashion

Shinsegae wins Incheon duty-free license

4min0
Shinsegae Duty Free won two licenses to operate at Incheon International Airport’s Terminal 1 on Friday, beating out Shilla Duty Free in the competitive battle for lucrative slots at one of the world’s most trafficked airports. The Korea Customs Service said Shinsegae will be allowed to operate stores in the DF1 and DF5 zones of […]
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Retail Asia06/06/2018
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Fashion

Shinsegae bets strong to replace Lotte’s Incheon duty free

6min0
Shinsegae is going all out to acquire licenses to operate duty free shops at Incheon International Airport after its rival Lotte’s bid fell through. The bid is understood by many as Shinsegae‘s aim to expand its presence in the still lucrative and growing duty free industry. According to industry officials, the Incheon International Airport Corp. (IIAC) has narrowed […]
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Retail Asia22/03/2018
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Living

Lotte Duty Free will exit Incheon on 7 July 2018

2min0
Lotte Duty Free announced today that it will exit three of its four loss-making concessions at Incheon International Airport Terminal 1 on 7 July. The move follows Incheon International Airport Corporation’s (IIAC) acceptance of the retailer’s contract resignation and Lotte’s payment of an undisclosed penalty charge. The exit date is 120 days from IIAC’s approval […]
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Retail Asia31/01/2018
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Food

Lina’s Paris opened new eatery at Incheon Airport

2min0
French restaurant brand Lina’s Paris has opened a kiosk in the new terminal at Seoul’s Incheon Airport. Managed by the exclusive franchisee SPC, it is the brand’s 12th outlet in South Korea. Half the sales in the country are beverages, predominantly French coffee and French draft beer. A concept that is midway between a French […]
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Retail Asia08/01/2018
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Fashion

Incheon Airport DF sales notch $2.1bn in 2017

4min
As anticipated, the ‘record-breaking’ figure surpasses the $2bn registered in 2016. The result places Incheon ahead of Dubai Duty Free, which recently reported duty free sales of $1.93bn in 2017. Many had viewed the THAAD crisis and security issues surrounding North Korea as tempering the South Korean airport’s annual revenue. “Incheon Airport Duty Free, however, did […]
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Retail Asia20/11/2017
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General

Customs service’s estimated revenue to double in 2018

3min0
The estimated revenue of South Korea’s customs authorities is projected to more than double next year due to a surge in licensing fees for duty-free shops, a report said. According to the report by the National Assembly and related government agencies, the Korea Customs Service’s estimated revenue stands at 97.8 billion won (US$87.3 million) for […]
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Retail Asia22/11/2016
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Fashion

Incheon negotiates e-commerce law for T2 tender

10min
Kim Bum Ho, Deputy Executive Director of IIAC’s Commercial Marketing Group, said this morning that although Incheon Airport has planned to issue its T2 tender on schedule [in the first week of December], there could be a delay if the debate surrounding a change in e-commerce regulation – among a few other issues – continues. Operators at […]
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Retail Asia23/09/2016
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Fashion

Seoul tops airport retail rankings

3min0
Seoul’s Incheon Airport not only tops the Asia-Pacific rankings for retail spending – it has the highest turnover of any airport in the world. Which is remarkable given it ranks 10th in the region by passenger numbers, according to Airports Council International data, with 49,281,220 people passing through in 2015, compared to more than 90 […]
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